08-19-2024 02:26 PM
Just curious approximately what everyone's take home percentage is after all fees and expenses.
I know it will vary greatly depending on category and circumstances and so on and so forth but I would like to compare numbers.
I am taking home 20% but I set aside an additional 20% for inventory (which is kind of like a paycheck because sourcing is fun lol)
I am unsure if I am sitting low, about average or high. Last year I posted everything because I was trying to get volume rolling now I am trying to raise ASP so it may change but thought I would ask 🙂
08-20-2024 05:41 PM
Are we talking about “Item Sales” (item price only) or “total sales” (including tax and shipping)? Makes a big difference to those of us that sell and ship heavy items. For every dollar I get in item sales, I end up pocketing 50 to 60 cents. When I source I shoot for a minimum 5x markup.
08-20-2024 09:07 PM
Negative - because it is mostly outgrown stuff/toys sold at a fraction of the cost...but it does help to recoup some of the money to buy more clothes and some plush - sadly the toy days are over! I always think about what turns into what - $30 shirt and then recoup $20 and it turns into a new $15 shirt and then recoup $10 and so on....
08-20-2024 10:56 PM
I guess the easiest way to respond would be that after all the money hits your bank account what percent of each dollar do you pocket.
08-21-2024 12:03 AM
Over 1665 items shipped I averaged 36.5% gross profit before taxes. That percentage is based on the total selling price including shipping & handling = not a mark-up %age.
Here are all the factors I used - used Excel spread sheets for all 1665 items and tax purposes. The example is based on eBay s & PayPal's previous fee structure - similar costs to today's eBay selling fees.
09-10-2024 10:11 PM
Out of your gross do I would imagine you pay overhead and set aside some for more inventory?
09-10-2024 10:28 PM
Just curious approximately what everyone's take home percentage is after all fees and expenses.
Take home percentage of the selling price, or the total transaction? Or something else?
I try not to get hung up on percentages, and focus on dollars instead.
If I make a $90 sale and clear $25, my take home percentage is 28% of the sale. If I make a $30 sale and clear $20, my take home percentage is 67% of the sale.
Which is better? Personally, I would rather make 28% than 67% if it means I get 25% more money ($25 vs. $20) .
But all that aside ...
IMHO the most important number is my "wage". How much profit am I making per hour invested?
But to answer your question, historically I take home 65% of the selling price after all expenses (including cost of goods sold).
09-11-2024 01:18 AM
No real overhead - I paid myself zero - our house is heated , cooled whether we sell or not - don't deduct any %- out of each sale I deduct supplies and a bit of wear/tear for printers, it is shown in my spread sheet, Kept tract of my beginning and ending inventory each calendar year - don't deduct office space or internet costs or other like costs - invites audits by the IRS - don't want the hassle. When I stopped selling on eBay only had 13 items unsold - sold them in a yard sale at my acquisition cost or a bit more. Yep always used funds from sales to pay for initial inventory and future inventory that was paid for out of our pay pal debit card. Wasn't a big time seller no need to get fancy - just wanted to stay busy after retiring and have some extra funds to do extra stuff in our retirement years - like go to casinos on our way to see our daughter and grands in Texas (950 miles away) or just to Biloxi MS 5 hr ride from home. Now we have an almost 6 y.o. grand 20 minutes away and we do "free" day care or go watch his soccer, baseball games , he luvs to stay at our home over night - we luv watching Wyatt - take him fishing, taught how to shake his booty to Louis "Sachmo" Armstrong, roll dice on our pool table, play his pool games, take hikes in our woods, teaching him to save $ from helping me do some work etc they grow up too fast. Pura Vida